30. August 2016 · Comments Off on Time to ditch the “dumb” grid and embrace a smart energy future : Renew Economy · Categories: News · Tags: , , , ,

Australia’s National Energy Market is hamstrung by an out-dated, ‘dumb’ grid, and must be updated to face the realities of low carbon, low marginal cost energy generation. Greater inter-connectivity is the first critical step needed to ensure sufficient competition in the market to drive down prices, and allow the continuity of supply in periods of low renewable generation.A diversified energy mix is required to ensure continuity of low carbon energy supply and growth of investment opportunities. Continual and increasing investment in increasing efficiency of wind and solar photovoltaic power, as well as in alternative methods of generation such as bioenergy, geothermal, concentrated solar power, and tidal power is required.

Source: Time to ditch the “dumb” grid and embrace a smart energy future : Renew Economy